The University of Toledo College of Business and Innovation Department of Accounting Amy A . French, MBA , CPA, CFE L

1. The University of ToledoCollege of Business and InnovationDepartment of AccountingAmy A. French, MBA, CPA, CFELecturer Updated May 18, 2011

2. Accounting Degrees • Associate Degree in Accounting Technology • 2 year Degree • Bachelor of Business Administration (BBA) in Accounting • 4 year degree • Masters of Science in Accountancy (MSA) • 30 semester hour program

3. Beta Alpha Psi • University of Toledo’s Gamma Epsilon Chapter chartered in 1966 • Founded in 1919 at the University of Illinois, Urbana. • Premier professional business and financial information fraternity • Recognizes academic excellence • Provides interaction among students, faculty, and professionals

4. Becoming a CPA Most requirements are determined by the state/jurisdiction in which you hope to practice. In general, this is a summary of the steps to CPA licensure.

5. Becoming a CPA • Education requirements • A baccalaureate degree and 150 semester hours • 30 semester hours in accounting • 24 semester hours in business courses other than accounting • Exam Requirement • Apply to sit based on state requirements • Pass all 4 parts with a 75% or higher • Business, Audit, Regulation and Financial • Experience Requirement • 1-2 years under a CPA

6. CPA Exam Pass Rates • According to the National Association of State Boards of Accountancy (NASBA) • UT ranked in the top 10 nationally for pass rates in Audit

7. CPA Exam Pass Rates Comparing the percentage of college graduates who passed all four parts of the CPA exam reveals:1 1According to the recently released report (for 2009) from the National Association of State Boards of Accountancy (NASBA), The University of Toledo College of Business and Innovation (UT COBI) graduates passed the CPA exam at rates exceeding both state and national averages.

8. Where Accountants Work • Public Practice • Business/Industry • Government • Non-Profit Organizations • Colleges/Universities

9. Careers in Accounting • Audit • Assurance Services • (E-Commerce, risk assessment, IS assessment) • Environmental Accounting • Environmental compliance issues • Forensic Accounting • Searches for evidence of criminal conduct • Information Technology Services • International Accounting • Consulting Services • Personal Financial Planning • Tax advisory Service • Accounting Educators

10. The Hiring EnvironmentBy Robert Half • Two similar candidates • Which additional skills most valuable • 31% Personality or people skills • 27% Software/technology • 20% Industry specific experience • 11% Certification or advanced degree • 1 – 4% Multilingual, international, other http://www.roberthalffinance.com/FreeResources

11. according to the National Association of Colleges and Employers. Figure 1: Top Jobs for the Class of 2009 Accounting is consistently one of the hottest jobs for new graduates, according to the National Association of Colleges and Employers. http://www.aicpa.org/Becoming+a+CPA/CPA+Candidates+and+Students/Career+Paths.htm

12. Accounting Salariesby Robert half http://www.roberthalffinance.com/FreeResources

13. Positions in DemandBy Robert Half International • “The CPA designation remains the most in demand credential for accounting and finance, especially when paired with big 4 experience.” • Business Analyst • Maximize computer systems to improve efficiencies and profitability • Financial Analyst • Evaluate financial plans, forecasts, budgets and identifying ways to improve profitability • Controllers • Organizations are adding controllers and assistant controllers to help oversee accounting operations. • Senior and Staff Accountants • Accounting Clerks • Billing/Collection staff • http://www.roberthalffinance.com/FreeResources

14. Recent salary ranges in accounting are: http://careers-in-accounting.com/acsal.htm

15. Questions? Amy.French@utoledo.edu